Group 1 - The company, as the exclusive insurance supplier for the "Su Super" league, has developed tailored risk protection plans to support event operations, showcasing the innovative practice of financial empowerment in the sports industry [1] - The collaboration project reflects the company's technological advancements, utilizing a digital platform to create specialized insurance solutions such as comprehensive liability insurance and accident insurance for staff, demonstrating the company's professional capabilities in risk management for large sports events [1] - The company has also addressed the urgent need for cybersecurity in emerging sectors like blockchain and smart investment advisory by drafting and filing comprehensive cybersecurity insurance clauses, covering core risks in digital finance [1] Group 2 - The company has introduced innovative insurance products to support the national "dual carbon" goals, including compensation insurance for distributed photovoltaic power generation losses and performance warranty insurance for new energy storage systems, contributing to the green transformation of the construction industry [2] - The scale of green insurance risk protection is projected to reach 1.7 billion yuan in 2024, representing a 15% year-on-year growth, indicating the company's commitment to fostering green development [2] - The company has extended its services to various aspects of public welfare, including the "Jiangsu Medical Insurance No. 1" product, which has benefited over one million families, and long-term care insurance covering 183.4 million people in multiple cities [2] Group 3 - The company emphasizes its role in safeguarding intellectual property for innovative enterprises and ensuring safety in sports, reflecting its commitment to "finance for the people" [3] - The company plans to continue deepening the cross-sector integration of insurance protection to provide stronger support for the economic and social development of Jiangsu [3]

中国环保机械行业协会名誉会长、专家委员会主任王亦宁接受中国工业报记者采访时表示，《意见》的 出台不仅是对行业四十年发展成果的系统总结，更是面向"双碳"目标的战略部署，将推动环保装备制造 业向绿色化、数字化、智能化、高端化深度融合的高质量发展方向迈进。 政策赋能：打开行业发展新空间 自2011年以来，工信部先后发布《环保装备"十二五"发展规划》《环保装备制造业高质量发展行动计划 (2022—2025年)》等文件，政策的持续发力为行业注入稳定预期。 历经数十年深耕，我国环保装备制造业实现了从追赶到并跑、从跟跑到部分领跑的跨越，不仅以雄厚产 业规模撑起污染防治攻坚战的"硬核"支撑，更以先进技术装备筑牢生态环保产业发展根基。近日，工业 和信息化部、生态环境部、国家市场监督管理总局联合发布《促进环保装备制造业高质量发展的若干意 见》(以下简称《意见》)，从供需两端精准施策，以政策"组合拳"为行业发展注入强劲动能，推动环保 装备制造业向着万亿级产业目标加速迈进。 构建科学合理的用户评价标准需兼顾普适性与灵活性，《意见》鼓励用户综合性能、效率、能耗、水 耗、寿命、运维等多维度指标，优化评标规则。行业协会等第三方机构将从重点 ...

Group 1: Green Manufacturing in Photovoltaics - The company is focusing on green innovation and advanced production processes in the competitive photovoltaic industry, emphasizing the importance of technology upgrades every 1-3 years [1][2] - The company has established two perovskite technology laboratories and successfully developed various perovskite battery samples, indicating proactive strategic planning [1][2] - Innovative cutting processes have led to annual electricity savings of 1.018 million kWh, equivalent to a reduction of 580 tons of CO2 emissions [1] Group 2: Wastewater Treatment Innovations - The company is implementing a new governance model that integrates green environmental practices with cultural education and smart technology in wastewater treatment [2][3] - The Hu Daying wastewater treatment plant, with a daily capacity of 100,000 tons, saves approximately 67% of land resources compared to traditional plants and achieves 100% closed treatment of noise and odor [2][3] - The Xiaocangfang wastewater treatment plant features an AI water management system that enhances operational efficiency and emergency response capabilities [3] Group 3: Solid Waste Management and Energy Generation - The company has developed a waste-to-energy model that converts waste into clean electricity, with a cumulative processing of over 4.1 million tons of waste and a generated electricity output of 1.34 billion kWh by May 2025 [5][6] - The facility employs a collaborative disposal model that maximizes the energy value of solid waste, significantly reducing landfill volumes and avoiding methane emissions [5][6] - The company has invested in environmental technology innovation, leading to the development of 32 patents and 10 software copyrights, enhancing solid waste processing efficiency [6]

Summary of the Conference Call for New Special Electric Industry Overview - The global solid-state transformer (SST) market is currently valued at approximately 1.4 billion RMB, primarily applied in demonstration projects for DC distribution networks and microgrids. It is expected to reach nearly 24 billion RMB by 2030, with a compound annual growth rate (CAGR) exceeding 60% over the next six years, driven significantly by data center applications [2][6]. Company Insights - New Special Electric, established in 1985, holds a dominant position in the high-voltage variable frequency market with a market share exceeding 25%. The company is actively developing solid-state transformer products, with prototypes expected to be launched in the second half of this year [2][7][8]. - The company primarily manufactures transformers for medium to large industrial motor drives, serving industries such as metallurgy, power, and petrochemicals. It is also expanding into emerging applications like energy storage and sodium-ion batteries [2][9]. Financial Performance - Despite facing challenges such as rising raw material costs and increased industry competition, the company's product gross margin remains above the industry average, reflecting its technical strength and industry barriers [4][12]. - The company anticipates a decline in revenue for 2024, resulting in a projected loss of approximately 50 million RMB. However, net profits are expected to recover to 50 million RMB, 100 million RMB, and 180 million RMB from 2025 to 2027, not accounting for the potential growth from large-scale solid-state transformer deployment [4][16]. Technological Advantages - Solid-state transformers offer significant advantages over traditional technologies, including a 63% reduction in footprint and a 2-3% increase in power supply efficiency. They integrate multiple functions such as electrical isolation, voltage conversion, and harmonic suppression, making them suitable for renewable energy integration [5][18]. Market Development - The solid-state transformer market is projected to grow rapidly, with expectations of reaching 4.8 billion RMB by 2028 and nearly 24 billion RMB by 2030. This growth positions it as one of the fastest-growing sectors in the industry [6][18]. - Currently, the technology is in the prototype and testing phase, with no large-scale commercial applications yet. However, leading companies, particularly overseas, are actively exploring this field [3][18]. Corporate Governance - The company has a concentrated ownership structure, with the chairman and his wife holding a combined 56.75% of the shares. An employee stock ownership plan was launched in April 2025 to enhance team vitality and ensure long-term stable development [10][11]. Future Outlook - New Special Electric is focusing on solid-state transformers and traditional phase-shifting rectifiers, with ongoing efforts to expand its customer base and market presence. The company is optimistic about its future prospects in both HVDC and solid-state transformer markets [19].

Group 1 - The company, COSCO SHIPPING Energy Transportation Co., Ltd., plans to issue A-shares to specific investors in 2025, subject to approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission [1][2][3] - The total number of shares to be issued will not exceed 1,431,232,918 shares, with the final number to be determined based on subscription conditions and regulatory approvals [1][2] - The company aims to raise funds primarily for the construction of six Very Large Crude Carriers (VLCCs), two LNG carriers, and three Aframax oil tankers [2][3] Group 2 - The company will initially invest its own funds in the projects until the raised funds are available, and any shortfall in the net amount raised will be covered by the company's own or self-raised funds [2][3] - The company has committed to ensuring that the issuance does not dilute the immediate returns for existing shareholders, with measures in place to address any potential dilution [2][3] - The company’s major shareholders include China Ocean Shipping Group, which holds 46.45% of the shares, making it the indirect controlling shareholder [6][7] Group 3 - The global oil transportation industry is expected to maintain growth, driven by increasing demand in the Asia-Pacific region, which accounts for over 50% of global oil imports [12][13] - The company operates primarily in the maritime transportation of liquid bulk hazardous goods, including crude oil, refined oil, LNG, LPG, and chemicals [6][11] - The international maritime industry is regulated by various organizations, including the International Maritime Organization, which sets standards for safety and environmental protection [8][9]

7月2日，上千位来自全球各地的客商和专家齐聚上海，参加第四届楼宇科技TRUE大会，共同探讨打造绿 色智慧低碳建筑的前景与路径。他们次日参观的上海美的全球创新园区，展现了绿色智慧低碳建筑的全新 探索与生动样本。 中国建科院 首席科学家徐伟认为， 新型建筑能源系统 ，是 以低碳技术与智能化手段为支撑，通过统筹 光伏、热泵、储能、充电桩等新型能源，形成智能化、低碳化、可持续的建筑能源网络 ，这是一个万亿 级的市场。美的集团副总裁、美的楼宇科技事业部总裁管金伟说，单是高温热泵就是千亿级的市场。 在强大的技术创新力背后，是美的已经形成了从中央研究院、事业部的四级研发体系。美的集团中央研究 院院长孙年祥在作大会主题演讲时，阐述了基础材料的研究与应用在节能低碳技术领域的重要作用。他透 露，下一步，美的将运用 AI技术来筛选和研发新材料，来进一步提升电机、电控、磁悬浮轴承、磁制冷 的效率。 系统裂变：从暖通、电梯到生态 在低碳社会、智慧城市的建设过程中，把传统建筑改造为绿色低碳的智慧建筑是很重要的部分。而在建筑 能耗中，暖通空调的能耗占比一般达到三四成，所以降低建筑中暖通空调系统的能耗，便是打造绿色低碳 建筑的重中之重。 伴 ...

近日，海博思创与广州越秀产业投资基金管理股份有限公司（简称"越秀产业基金"）达成战略合 作，双方将共同打造行业标杆级储能产业基金，为优质储能项目提供全生命周期资本护航，深度挖 掘并释放绿色能源资产的价值。 对接需求请扫码 越秀产业基金管理合伙人、董事长卢荣表示，此次签约不仅是两家企业的强强联合，更是金融资本 与储能产业深度协同的创新实践，旨在响应国家"双碳"战略，共筑储能资产高质量发展的新生态。 未来越秀产业基金将持续以金融力量支持战略性新兴产业的发展，推动产业链上下游高效协同，为 社会创造真正有温度、有厚度、有韧性的长期价值。 每日｜荐读 榜单： 「2025投资机构软实力排行榜」评选启动 峰会： 「2025母基金年度论坛」盛大启幕：汇聚中国力量！ 热文： 一纸新规，炸出一级市场的管理费焦虑 热文： 今年，上市公司热衷做并购基金 据悉，越秀产业基金是越秀资本（股票代码：000987.SZ）旗下私募投资基金管理平台，隶属于广 州市资产规模最大、经济效益领先的国有企业集团——越秀集团。越秀产业基金累计资产管理规模 超1500亿元，形成"母基金投资+股权投资+夹层投资"的业务布局，是粤港澳大湾区领先的产业资 本运营 ...

Core Viewpoint - The article highlights the increasing electricity demand in China due to high temperatures, leading to a focus on optimizing energy use in buildings and promoting green, low-carbon construction practices [1][2]. Group 1: Energy Demand and Building Efficiency - In July, the peak electricity load in China reached a historical high of 1.465 billion kilowatts on July 4, driven by increased use of air conditioning and cooling devices [1]. - The construction industry is prioritizing energy efficiency and the development of high-quality, low-carbon buildings in response to rising energy demands [1]. Group 2: Midea's Global Innovation Park - Midea's Global Innovation Park in Shanghai, with an investment exceeding 7 billion and a building area of 400,000 square meters, showcases advanced technologies that transform buildings into "energy bodies" and "low-carbon engines" [1][3]. - The park features nearly 10,000 square meters of distributed photovoltaic panels, generating an average annual electricity output of 1.8 million kilowatt-hours, which accounts for 10% of the park's total annual electricity consumption [1]. - The photovoltaic system reduces carbon dioxide emissions by 1,732 tons annually and saves 552 tons of standard coal [1]. Group 3: Energy Efficiency Technologies - Midea has developed a magnetic levitation variable frequency centrifugal chiller, which improves energy efficiency by over 50% compared to traditional equipment, contributing to the park's low-carbon cooling system [2]. - The iBUILDING digital platform developed by Midea connects thousands of devices, optimizing energy consumption through real-time data monitoring and AI-driven strategies [2][3]. Group 4: Challenges and Solutions in Green Building - The green building sector faces challenges such as inconsistent local standards, financing difficulties for small and medium-sized renovations, and a lack of comprehensive carbon data [2][3]. - Midea is addressing these challenges by creating a "carbon ledger" through the iBUILDING platform, which tracks materials and operations, and by collaborating with partners like State Grid to innovate energy management solutions [3]. Group 5: Transformation and Ecosystem Development - Midea is evolving from a manufacturing giant to an enabler of building energy efficiency, integrating hardware and software solutions to create a comprehensive service for smart buildings [3]. - The company emphasizes the importance of ecological harmony and collaboration across the industry, positioning itself as a leader in the green building revolution [3].

Core Viewpoint - Green finance is becoming a significant force in promoting sustainable economic and social development, particularly in the context of China's "dual carbon" goals [1][2]. Group 1: Project Details - The project involves a loan of 36 million yuan for the construction of 23 charging stations in three cities: Nanning, Liuzhou, and Yulin, located in Guangxi Zhuang Autonomous Region [1]. - The charging stations will be strategically placed in key areas such as commercial districts, transportation hubs, industrial parks, and residential areas, enhancing the convenience and service coverage for electric vehicle users [1]. Group 2: Financial Institution's Role - Industrial Bank's Changsha branch has actively promoted green finance and increased financial support for green industries, particularly in renewable energy [2]. - The successful implementation of this charging station project is seen as a significant demonstration of the bank's commitment to supporting regional green economic development [2]. Group 3: Macro Perspective - The rapid development of the electric vehicle industry necessitates the construction and rational layout of charging infrastructure, which is crucial for the growth of the new energy vehicle ecosystem in Guangxi [2]. - The project is expected to facilitate the green and low-carbon transformation of the transportation sector, create more job opportunities, and stimulate economic growth in the region [2].

风光装机抢装进入高潮，火电电量增速由负转正 [Table_Industry] —电力行业 5 月月报 [Table_ReportDate] 2025 年 7 月 7 日 证券研究报告 行业研究 [行业月报 Table_ReportType] 电电力行业 投资评级 看好 上次评级 看好 [Table_Author] 左前明 能源行业首席分析师 执业编号：S1500518070001 联系电话：011-83326712 邮 箱：zuoqianming@cindasc.com 李春驰 电力公用行业联席首席分析师 执业编号：S1500522070001 联系电话：011-83326723 邮 箱： lichunchi@cindasc.com 化工行业： 邢秦浩 电力公用分析师 执业编号：S1500524080001 联系电话：010-83326712 邮 箱：xingqinhao@cindasc.com 唐婵玉 电力公用分析师 执业编号：S1500525050001 邮 箱：tangchanyu@cindasc.com 信达证券股份有限公司 CINDA SECURITIES CO.,LTD 北京市西城区宣武门西大街甲 ...